A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Transportal -- E&O insurance - Ginny

Posted: Oct 18, 2009

i had a job interview with Transportal's recruiter this past week and one of the things she mentioned is the fact that they will require ICs to purchase Errors and Omissions insurance. She said that by February 2010 the government would be requiring all IC medical transcriptionists to have this coverage. Have they told their current employees/ICs about this and, if so, does anyone have any idea what it costs? It sounds like a good company and the job offer is definitely something I am very interested in, but I am not sure I want to pay for this insurance coverage. Then again, if it is true that the government is going to make this a requirement, I will have no choice no matter who I work for. Any thoughts on this would be appreciated. Thanks for your time.

There's a post on the main page about this about 1/3 of the way down - Happy MT Robin

[ In Reply To ..]
Short answer is E&O minimum premium for something like this is about $1500 a year. I would never work for a company that required it of me. If there is an error in a medical report and someone is getting sued, it's going to be the person who signs the report, not the person who types it.

E&O Insurance - Transportal - MT46

[ In Reply To ..]
I had an interview with Transportal out of Charlotte, NC last Thursday. Nothing was mentioned about purchasing E&O insurance. If anyone knows anything about what this insurance is, costs, etc., or has interviewed with this company and they were told they had to purchase this, could you please reply by E-mail to me? I need to know more about this before I make a final decision (or give a 2-week notice)? Thanks.

E&O Insurance - Anon

[ In Reply To ..]
This is not a formal policy by TransPortal. However, this is something all ICs should look into to cover themselves.

Check this website out for more info...http://hitechanswers.net/hipaa

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